India Apace with Alternative Energy Policies

Many countries have been supporting development in alternative energy and have been expanding the usage of the same in various industries – this is especially the case in the solar power usage. Countries have been open about their various initiatives, progress and challenges in the same.

India, especially seems to have gone a long way in analysing the usage of solar energy to sustain and promote various other sectors in the country. Let’s take a look at how India is doing this and the promises offered along with the expansion.

Indian Initiatives at Present

Indian Government seems to priming its alternative energy policies in the country for various reasons. The Prime Minister has given nods for many initiatives in this direction – one of them being creating a group of solar-rich countries who will promote the usage of solar energy as an alternative method, across the globe. Fifty odd countries have been chosen for the same and India is most likely to head the group.

Ever since winning the 2014 election, Modi has made it a top priority to make India a solar power-supported nation. He has also said that the gamechanger in the entire process has been the closing gap between alternative energy and traditional energy.

Positive Development in Other Sectors

Confirming the above initiative, Piyush Goyal who heads the Power, Coal and New and Renewable Energy Ministry in India, said that Modi has shown the green signal for the consortium formation with World Economic Forum and IREDA (Indian Renewable Energy Development Agency). Mr. Piyush also said that the Government is keen to mould various regulatory policies to suit the growth of the alternative energy sector.

The massive investment from both Indian and Foreign investments in this regard has given rise to many positive developments in the country. One of the major benefits is the increasing number of jobs in this area. With a booming population, India would definitely love to have more new job opportunities. By 2022, the Modi Government seeks to produce 100 gigawatt of Solar Power in the country, which would support one million jobs, as per the Natural Resources Defence Council (NRDC).

Another benefit is the access to electricity for an increasing number of people in the country. This would accelerate the rate at which villages and cities grow and develop in various aspects.

Possible Challenges

India seems to be all-set to progress positively on the new path of solar energy expansion and application in many sectors. However, a few challenges that the country’s Government would have to keep in mind are the promotion of alternative energy amongst people. India currently relies more upon the energy derived from coal plants. The country may also need to increase the solar energy capacity from the current one, which is close to three gigawatt.

The positives are more on the side of this country with a booming population with the Government lowering the solar power panels’ costs and moulding the policies to suit the growth of the sector. With promising support from foreign investment, India could very well be the world leader in alternative energy sector.

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